Mario Draghi

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News about Mario Draghi, including commentary and archival articles published in The New York Times.

Chronology of Coverage

May. 25, 2015

European Central Bank officials meet to discuss unemployment and other economic issues that go beyond its original mandate to reign in inflation, highlighting expansion of bank's role; president Mario Draghi has argued that bank cannot fulfill core mission of price stability without addressing other economic fundamentals. MORE

May. 15, 2015

Greek Finance Min Yanis Varoufakis criticizes European Cental Bank chief Mario Draghi in dramatic statement; separate comments from Varoufakis are interpreted as threat not to pay back billions of euros that Greece owes bank; bank's Governing Council, already weary of what they see as irresponsible behavior, are expected to place further restrictions on emergency cash it provides to shore up Greek banking system. MORE

Apr. 16, 2015

European Central Bank president Mario Draghi says in news conference that bond-buying stimulus program along with low oil prices and improved government policies are benefiting eurozone economy; protester interrupts conference to throw confetti at Draghi before being subdued by security guards. MORE

Mar. 17, 2015

European Central Bank president Mario Draghi, describing eurozone economy as 'steadily recovering,' calls for 'quantum leap' in European integration. MORE

Mar. 6, 2015

European Central Bank president Mario Draghi says it will start its new stimulus bond-buying program; predicts rosier economy as result. MORE

Feb. 25, 2015

European Central Bank Pres Mario Draghi unveils new 20-euro bill that features transparent hologram intended to thwart counterfeiters. MORE

Feb. 19, 2015

European Central Bank and its president Mario Draghi may be ultimate arbiters of fate of showdown between European Union and Greece over country's debt; bank's Governing Council must decide whether to help Greek banks stay solvent, decision that could be seen as general verdict on whether country's government can avoid collapse and whether country will remain part of EU. MORE

Jan. 24, 2015

German Chancellor Angela Merkel and other political leaders in country react in restrained manner to European Central Bank's stimulus effort, signal of effectiveness of bank president Mario Draghi's persuasion and willingness to compromise; lack of forceful complaints suggests bond-buying program will not cause as large rift in eurozone as was initially feared. MORE

Jan. 23, 2015

The Upshot; nineteen nations in euro currency union face stronger pressures to lift their economies as European Central Bank stretches limits of its power with 60 billion euro monthly bond-buying program; bank's president Mario Draghi says structural change is required; many countries have been reluctant to spend more, preferring to hew to budget austerity. MORE

Jan. 22, 2015

With a $69 billion-a-month bond-buying program, Mario Draghi, the European Central Bank president, is unleashing the bank’s full money-printing powers. MORE

Jan. 15, 2015

European Central Bank faces challenge of how to conduct stimulus in form of quantitative easing after court opinion issued in lawsuit filed by German citizens seeking to block previous bond-buying program paves way for such action; analysts say Mario Draghi, bank's president, must show bank is dedicated to providing stimulus while avoiding political issues like Germany's opposition to any such program. MORE

Jan. 2, 2015

Statements by Mario Draghi, president of the European Central Bank, led investors to conclude that the bank would soon buy large quantities of eurobonds. MORE

Dec. 5, 2014

Mario Draghi, European Central Bank president, says at news conference that bank is determined to honor its prime directive of keeping inflation, now dangerously low, in check; Draghi and central bank have not taken concrete action to address inflation rate that it is near zero, but he offers assurances that more aggressive stimulus is coming. MORE

Dec. 5, 2014

The Upshot; Mario Draghi, president of European Central Bank, faces problem of fighting inflation slump at a time that oil prices are plummeting; how Draghi confronts challenge will help determine outlook for Europe's failing economy. MORE

Nov. 22, 2014

Mario Draghi, president of European Central Bank, remarks at banking conference in Frankfurt that ECB is planning new round of powerful monetary stimulus to jolt flagging eurozone economy. MORE

Nov. 7, 2014

European Central Bank chief Mario Draghi sends strong message that organization is preparing aggressive stimulus measures, raising possibility of large-scale bond purchases; statement seems to soothe markets, but questions remain about how long Draghi can appease investors merely through promises, and whether tactic will be able to reverse worrisome deflationary trend; many economists and policy makers remain frustrated by the ECB's reluctance to truly adopt quantitative easing that has had strong effect in England, Japan and the United States. MORE

Sep. 12, 2014

European Central Bank president Mario Draghi steps up pressure on countries like Italy to improve climate for business, but says there is room for governments to use public spending to reinvigorate stalled eurozone economy. MORE

Sep. 5, 2014

European Central Bank president Mario Draghi unveils several new aggressive measures to revive the Continent's moribund economy; takes first steps toward large-scale asset purchases, milder version of quantitative easing used by Federal Reserve in United States; moves reflect gloomy state of European economy that remains mired in cycle of inflation and stagnant growth. MORE

Jul. 10, 2014

Mario Draghi, president of European Central Bank, says countries in the euro zone should be compelled to take steps to improve the performance of their economies in same way that they are already required to observe rules on government spending. MORE

Mar. 13, 2014

The president of the European Central Bank said in a speech on Thursday said that just the prospect of scrutiny by the E.C.B. “has already caused banks to raise new capital” and shed unprofitable assets. MORE

Jan. 10, 2014

European Central Bank president Mario Draghi, leaving interest rates unchanged at record low, says bank is ready to take decisive action to keep Europe's tentative recovery afloat. MORE

May. 3, 2013

European Central Bank cuts its benchmark interest rate to record low of 0.5 percent, from 0.75 percent, move that is widely seen as symbolic gesture to avoid image of inaction; bank president Mario Draghi indicates that he is unlikely to take up more powerful measures like bond-buying that many economists feel are necessary to jolt the Continent out of recession. MORE

Apr. 5, 2013

European Central Bank head Mario Draghi rejects suggestions that Cyprus could benefit from giving up euro, while acknowledging that plan to tax small bank deposits in country was mistake. MORE

Feb. 19, 2013

European Central Bank president Mario Draghi seeks to ease fears that countries including Japan are deliberately weakening their currencies; urges financial officials not to say anything that would contribute to fears of a global currency war. MORE

Feb. 8, 2013

Euro falls sharply against the dollar and yen after European Central Bank president Mario Draghi cites its rising value as a possible threat to the region's economic recovery; Draghi denies any attempt to influence currency values. MORE

Jan. 29, 2013

Fabrizio Viola, chief executive of Monte dei Paschi di Siena, Italian bank embroiled in scandal with political and even Europe-wide implications, says revelations of past management and questionable deals will not impede efforts to turn it around; past losses have raised questions about degree of scrutiny applied by former head Mario Draghi, now European Central Bank president. MORE

Nov. 9, 2012

European Central Bank president Mario Draghi expresses satisfaction with progress toward resolution of the euro zone crisis, joining the Bank of England in leaving main interest rates unchanged at record lows; some of Draghi's comments seem to leave the door open for future rate cuts and other stimulus measures without committing to them. MORE

Oct. 10, 2012

Mario Draghi, president of the European Central Bank, joins growing number of economists who argue that, even though the euro zone still faces huge economic problems, there are tentative signs that two years of painful adjustment are beginning to pay off. MORE

Sep. 7, 2012

European Central Bank takes its most ambitious step yet toward easing the euro zone crisis, throwing its unlimited financial clout behind an effort to protect Spain and Italy from financial collapse; Mario Draghi, the president of the central bank, wins nearly unanimous support from the bank’s board to buy vast amounts of government bonds, a move that would relieve investor pressure on troubled countries but also effectively spread responsibility for repaying national debts to the euro zone countries as a group. MORE

Sep. 3, 2012

Some analysts say European Central Bank president Mario Draghi might have a difficult time convincing investors at the Sept 6 meeting that the bank will take decisive action against the euro debt crisis; say the bank probably needs more time to resolve internal differences and deliver on a promise to use its clout to tame runaway borrowing costs for the most troubled countries. MORE

Aug. 29, 2012

European Central Bank president Mario Draghi faces intense pressure to provide specific details of his plan to shore up the euro zone's weaker members by buying their bonds, part of an effort to save the common currency from collapse; Draghi's first test will come after the bank's governing council meets, and he has to explain whatever the central bank has or has not done. MORE

Aug. 4, 2012

Economists, analysts and market participants continue to digest the assurances made by European Central Bank pres Mario Draghi that he is willing to resume the purchase of sovereign bonds at some point in the future in concert with the euro zone’s rescue fund; Prime Min Mariano Rajoy indicates that he will consider requesting such help as a way to reduce Spain’s interest rates MORE

Aug. 3, 2012

News analysis; European Central Bank chief president Mario Draghi sets off a backlash by investors who were apparently hoping for a bold euro rescue plan; he signals the bank is willing to start buying government bonds from troubled countries, but puts the onus on political leaders to move first, and leaves open some crucial questions about how quickly and forcefully it will seek to tame unruly financial markets. MORE

Jul. 30, 2012

News analysis; European Central Bank president Mario Draghi, at a meeting of the bank's governing council, faces the complicated task of delivering on his promise to do 'whatever it takes to preserve the euro;' with expectations so high, anything short of a decisive display of financial firepower could send financial markets back to panicky behavior. MORE

Jul. 3, 2012

Political leaders in Europe take significant strides toward making the central bank more like the United States Federal Reserve, giving it authority to oversee the euro zone’s largest banks and, once that new regulator is in place as soon as the end of this year, a likely role in rescuing Spanish banks with capital directly from the European rescue funds; Mario Draghi, president of the ECB, is now considered to be one of the most influential men in Europe. MORE

Jun. 17, 2012

Mario Draghi, the head of the European Central Bank, and other euro zone leaders are working on a grand vision for the euro zone meant to reassure investors and allies that flaws in the currency union will be addressed quickly; plan will include measures to prevent bank runs and reduce what has become a vicious cycle of government debt. MORE

Jun. 1, 2012

News analysis; European Central Bank president Mario Draghi warns members of the European Parliament that it is reaching the limits of its powers and now it is up to their leaders to move quickly and decisively because the survival of the euro is at stake; while he has tools to spur governments to action, he must use them carefully and is constrained by the bank's charter. MORE

Dec. 7, 2011

European Central Bank president Mario Draghi, one month since taking office, is setting his own course as he prepares for an upcoming meeting with the bank's policy council; Draghi has already presided over an interest rate cute, indicated a greater willingness to use the bank's resources to fight the European debt crisis and increased pressure on governments to remake the euro zone. MORE

Nov. 19, 2011

European Central Bank president Mario Draghi says European leaders are to blame for moving too slowly to address the sovereign debt crisis; implicitly rejects calls for bank to pump money into financial markets. MORE

Nov. 4, 2011

Editorial supports decision by Mario Draghi, president of European Central Bank, to cut euro-zone’s interest rate, but says there is a lot more it can do to shore up weak economies; suggests buying up troubled countries' government bonds on scale sufficient to ensure they maintain access to debt markets at reasonable interest rates. MORE

Nov. 4, 2011

Oct. 30, 2011

New European Central Bank president Mario Draghi is seen as pragmatist, but observers say question is whether he can satisfy his competing constituencies as he confronts euro zone crisis; they worry how he might be perceived if Italy experiences its own financial crisis. MORE

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